New Fraud Taskforce: Game-Changer or PR Move?

The formation of a new U.K. taskforce that aims to curb financial fraud and cybercrime by facilitating stronger collaboration among banks, government and law enforcement is getting mixed reviews from industry experts.

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The Joint Fraud Taskforce, announced last week by the Secretary of State for the Home Department, Theresa May, includes representation from the London Police, the National Crime Agency, the Financial Fraud Action UK, the Bank of England, British fraud-prevention agency Cifas and CEOs from the country’s major banks.

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